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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), says its members will not lift products for depot owners selling Petroleum Motor Spirit (PMS) above official depot price of N148.77.NUPENG’s Secretary General, Mr…
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By YANGE IKYAA President Muhammadu Buhari on Monday assured that Nigeria is prepared to face the challenge of rising global demand for cleaner energy sources.The President, who gave the assurance at the opening ceremony of the…
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•Sells at N400/litre at black-market •We’ve adequate supply — FG  •NUPENG directs members to compile names of marketers hoarding PMS, increasing depot prices Despite the Federal Government’s promises that petrol scarcity would…
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The Nigeria International Energy Summit commenced today in Abuja. Previously known as Nigeria International Petroleum Summit (NIPS). Powered by the Federal Ministry of Petroleum Resources and hosted by the NNPC Ltd, it is an international…
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The ongoing conflict between Russia and Ukraine may extend the almost three week shortage of Premium Motor Spirit, also known as gasoline, in Nigeria, since the bulk of refined products entering the country from the warring zone and…
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The Nigerian National Petroleum Company, Limited has again promised to normalize the petrol supply situation soon.In an update of petrol supply situation last night the Company said it is working in concert with depot operators and…
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Chief Timipre sylva, Minister of State for Petroleum Resources, has expressed that the increase in prices of global crude oil is not good for the country.Speaking on the rising crude oil prices in an interview with Bloomberg…
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…Pay $4.6Bn In Royalty To Government Oil major, Royal Dutch/Shell Group, is currently reviewing its deep offshore strategies to enhance deep water operations in the country.In a media chat in Lagos on Wednesday, Igo Weli,…
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The Nigeria LNG Limited (NLNG) has approved the appointment of Olalekan Ogunleye as successor to Sadeeq Mai-Bornu as deputy managing director of the company.Mai-Bornu, appointed by the NLNG board in April 2016, will return to his…
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...High oil prices are good for Russia’s budget and for its hard-to-recover oil resources and projects, on the one hand, but oil so high is also hitting other sectors of the economy and slows demand growth, on the other hand, the…
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